Critical Path Method (CPM) - Revision history

Tkokotas at 19:01, 17 November 2018

2018-11-17T19:01:11Z

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			''Developed by Alisha Patnaik''


	'''Critical Path Method or CPM''', is a tool used in the planning and management of different types of projects such as construction, software development, research programs, product development, sales promotion and etc. It is essentially a mathematically based algorithm of network diagrams that depicts the sequence and interrelation of all the component parts of a project and is well suited for the construction industry. In comparison to the conventional methods of planning and scheduling of construction works - bar charts and progress diagrams - Critical Path Method proves to be more useful and precise as it allows the quick evaluation and comparison of alternative work programs, construction methods, types of equipment and etc.		'''Critical Path Method or CPM''', is a tool used in the planning and management of different types of projects such as construction, software development, research programs, product development, sales promotion and etc. It is essentially a mathematically based algorithm of network diagrams that depicts the sequence and interrelation of all the component parts of a project and is well suited for the construction industry. In comparison to the conventional methods of planning and scheduling of construction works - bar charts and progress diagrams - Critical Path Method proves to be more useful and precise as it allows the quick evaluation and comparison of alternative work programs, construction methods, types of equipment and etc.

Alisha.patnaik: /* References */

2017-10-02T20:11:51Z

References

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	2. https://en.wikipedia.org/wiki/Critical_path_method [https://en.wikipedia.org/wiki/Critical_path_method]		2. https://en.wikipedia.org/wiki/Critical_path_method [https://en.wikipedia.org/wiki/Critical_path_method]

	3.		3. https://www.smartsheet.com/critical-path-method [https://www.smartsheet.com/critical-path-method]

			4. Project Planning and Control with CPM and PERT, 4th Edition by Dr. B. C. Punmia and K. K. Khandelwal [http://www.laxmipublications.com/servlet/lpgetbiblio?bno=000209]

Alisha.patnaik: /* References */

2017-10-02T20:08:10Z

References

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	1. Critical Path Methods in Construction Practice, 4th Edition by James M. Antill, Ronald W. Woodhead [http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0471620572.html]		1. Critical Path Methods in Construction Practice, 4th Edition by James M. Antill, Ronald W. Woodhead [http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0471620572.html]

	2.		2. https://en.wikipedia.org/wiki/Critical_path_method [https://en.wikipedia.org/wiki/Critical_path_method]

			3.

Alisha.patnaik: /* References */

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References

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	== References ==		== References ==

	1. [http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0471620572.html] ~~Critical Path Methods in Construction Practice, 4th Edition by~~		1. Critical Path Methods in Construction Practice, 4th Edition by James M. Antill, Ronald W. Woodhead [http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0471620572.html]

	~~James M~~. ~~Antill, Ronald W. Woodhead~~		2.

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	== References ==		== References ==

	1. [http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0471620572.html]		1. [http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0471620572.html] Critical Path Methods in Construction Practice, 4th Edition by

			James M. Antill, Ronald W. Woodhead

Alisha.patnaik: /* References */

2017-10-02T20:05:56Z

References

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	== References ==		== References ==

	1. ~~<references~~ http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0471620572.html />		1. [http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0471620572.html]

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References

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	== References ==		== References ==

	<references />		1. <references http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0471620572.html />

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References

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	== References ==		== References ==

	1. <~~Critical path methods in construction practice Book by James Antill~~/>		<references />

Alisha.patnaik at 20:02, 2 October 2017

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	7. It shows you where you need to take action to bring project back on track.		7. It shows you where you need to take action to bring project back on track.


			== Disadvantages of Critical Path Method ==

			The following are the disadvantages of the Critical Path Method:

			1. It does not allow to track the people and the resources utilised in an activity.

			2. The network diagram could become extremely complicated for a large scale project.

	== Characteristics of Critical Path Method Projects ==		== Characteristics of Critical Path Method Projects ==
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	== References ==		== References ==

	1.		1. <Critical path methods in construction practice Book by James Antill/>

Alisha.patnaik at 18:57, 2 October 2017

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	Late Finish of Activity G = 19 – 1= 18 (Late start of activity E is chosen instead of H, because the Late Start of activity E is earlier than the Late Start of activity H)		Late Finish of Activity G = 19 – 1= 18 (Late start of activity E is chosen instead of H, because the Late Start of activity E is earlier than the Late Start of activity H)
	Late Start of activity G = 18 – 3 + 1 ~~[[[1]]]~~		Late Start of activity G = 18 – 3 + 1
	~~= 16~~

	== References ==		== References ==

	1.		1.